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According to Foresight News, security incidents in the Web3 sector during February 2025 have resulted in estimated losses totaling $1.681 billion. The SlowMist blockchain hacker database recorded 15 hacking incidents, leading to approximately $1.676 billion in losses, with $52.45 million either frozen or recovered. Additionally, data from the Web3 anti-fraud platform Scam Sniffer indicates that 7,442 individuals fell victim to phishing attacks this month, incurring total losses of $5.32 million. The primary causes of these incidents include vulnerabilities in smart contracts, social engineering, account intrusions, and private key leaks.

According to BlockBeats, on March 3, top trader Eugene Ng Ah Sio announced a shift in his communication platform from X to Telegram. A link to a Telegram group was shared on his X account, indicating that he will no longer post updates on X.BlockBeats advises users to remain cautious, as there is a possibility that Eugene's X account may have been compromised. It is currently unclear whether the posts on X or Telegram are genuinely from the account owner. Users are urged to stay vigilant and protect their assets.

According to PANews, Web3 security company SlowMist has issued a warning on the X platform about the spread of 'Safeguard' variant attacks on Telegram. Users are advised to be cautious of randomly sent fake 'account risk' messages and false security check prompts. Mishandling these messages and proceeding with 'verification' could lead to account takeover, theft of private keys, and scams targeting other Telegram contacts.

According to PANews, a covert malware campaign is targeting cryptocurrency wallets by embedding malicious code in fake open-source projects on Github. This operation, known as Gitvenom, deceives developers into executing hidden payloads. Researchers Georgy Kucherin and Joao Godinho uncovered this activity, where cybercriminals create fraudulent repositories that mimic legitimate software tools. The method of embedding malicious code varies depending on the programming language used in these fake projects.

According to PANews, the Android version of Telegram 11.8 Beta has introduced several new features related to Star Coins, including paid messages, Star Coin withdrawals, and purchasing Premium with Star Coins. These features are currently available only on the test server.Premium users can set a fee for private messages through the settings under Privacy and Security, with an option to add exceptions for free. Senders are required to pay with Star Coins, and the platform takes a 15% commission.A new button for Star Coin withdrawals has been added, although this feature is not yet operational.Users can purchase Premium subscriptions using Star Coins, with options for 3 months (1000 Star Coins), 6 months (1500 Star Coins), and 1 year (2500 Star Coins). Additionally, gifts can be pinned to the user's profile page.It is important to note that these features are still in the testing phase and have not been officially launched.

According to PANews, members of the Hong Kong Legislative Council's Subcommittee on Web3 and Virtual Asset Development recently attended the Consensus Conference. The delegation, including Subcommittee Chairman Ng Kit Chuang and members Ma Fung Kwok and Kan Wai Man, visited the international event focused on cryptocurrency, blockchain, and Web3 technologies held in Hong Kong. During the visit, lawmakers engaged with conference representatives to discuss the advancement of the Web3 ecosystem, the development of the cryptocurrency economy, and the expansion of business opportunities.

According to PANews, Elon Musk's social media company, X, is reportedly in discussions with investors to raise funds at a valuation of $44 billion. This valuation matches the price Musk paid when he acquired the company in 2022. Following Musk's acquisition and subsequent reforms, which led to a significant departure of users and advertisers, this funding round could mark a pivotal moment for the social media giant. Sources familiar with the matter indicate that negotiations for this new round of funding are ongoing, and details may change. The company may also decide to abandon the fundraising talks. This marks the first known investment round since Musk privatized the social media company. The individuals providing this information requested anonymity due to the private nature of the discussions.

According to PANews, Bermuda's Prime Minister David Burt has issued a warning on the X platform about the emergence of impersonation accounts. These accounts have falsely announced the launch of a token. The method by which Elon Musk and the X platform grant gray verification badges to these accounts remains unclear. Due to the lack of control on the social media platform, Burt advises users to be vigilant against fraud to avoid being deceived. He also expressed hope that the X platform will address and resolve these issues promptly.

According to PANews, the Indian market regulator is seeking enhanced powers from the government to remove unauthorized financial advice from social media platforms like WhatsApp and Telegram and to access their call records for investigating market violations. This marks the second attempt by the Securities and Exchange Board of India (SEBI) since 2022 to obtain such authority, which has yet to receive government approval. The request comes as SEBI intensifies its investigations into market misconduct and cracks down on unregulated financial advice circulating on social media. Despite previous meetings with regulatory bodies, social media companies have not complied with government requests to access their call data records, groups, and channels.

According to PANews, Telegram founder Pavel Durov announced on his personal channel that the platform has launched its third major update of 2025, significantly enhancing its video platform capabilities. This update includes features such as video covers, playback progress saving, and timestamp sharing, aimed at improving the user video viewing experience.In addition, Telegram has introduced an AI-powered sticker search supporting 29 languages, allowing users to quickly find suitable content from millions of user-created stickers. The company stated that it plans to continue expanding the sticker library and optimizing content moderation to enhance the overall user experience.

According to BlockBeats, on February 7, 14 members of Hong Kong's Legislative Council C15+ met with Financial Secretary Paul Chan and other officials on February 6 to discuss the new fiscal budget. During the meeting, legislator Ng Kit Chuang proposed 22 recommendations across five key areas, including the development of the Web3 industry. In support of the Web3 sector, Ng suggested continuing the direction set by the 2023/24 fiscal budget with two major initiatives. The first is to allocate HKD 50 million to establish a seed fund, using a 1:1 matching approach to attract renowned international companies and large-scale industry events to Hong Kong. The second initiative involves an additional HKD 50 million to create a dedicated Web3 investment matching fund.

According to PANews, February has been a significant month for the Web3 sector, marked by several notable events. The Consensus Hong Kong Summit focused on global industry consensus, drawing attention from stakeholders worldwide. Additionally, the unlocking of substantial token amounts for Bittensor (TAO) and The Sandbox (SAND) could potentially lead to market fluctuations.In legislative developments, the Bitcoin Freedom Act is under review, signaling a pivotal moment for compliance in the industry. The trial of Do Kwon has commenced, serving as a regulatory warning for the sector. Furthermore, the Federal Reserve's meeting minutes have been released, offering a recalibration of liquidity expectations.These events collectively provide insights into the evolving landscape of Web3, offering opportunities for market participants to stay informed and ahead in the industry.

According to CoinDesk, despite significant investments and a decade of Ethereum's existence, the Web3 industry still lacks the necessary turnkey toolsets to broaden its adoption. This is in stark contrast to the early days of the internet, where user-friendly tools quickly emerged, facilitating widespread use. In the late 1990s, the internet began to significantly impact daily life, with AOL surpassing 3 million users by 1995 and Yahoo! launching as a secondary web gateway. Google’s founding in 1998 and the introduction of basic search capabilities by 1999 further opened the internet to new users.The early 2000s marked the Web2 era, characterized by easy-to-use, template-driven tools that expanded the user base. Amazon Marketplace launched in 2000, providing a turnkey e-commerce solution. Within five years, platforms like Wordpress, MySpace, and Facebook enabled personal sharing online. This rapid development of user-friendly tools was both a result of and a catalyst for the internet's success. However, in 2025, Web3 lacks similar platforms that could drive its growth. Most projects target developers or crypto enthusiasts, raising questions about the industry's ability to expand without broader user-friendly tools.Web3 participants are often incentivized through tokens to engage early with projects, regardless of usability. Projects with strong social media followings are prioritized, but unless they address critical needs, users rarely remain engaged long-term. This focus on early-stage operations over ease-of-use and long-term adoption hinders Web3's growth. For Web3 to move beyond its 'early' stage and achieve growth similar to Web2, there must be a shift towards developing tools and user interfaces that expand the user base and address genuine problems. Long-term success will depend on Web3 products that continuously add value and solve common issues for users.

According to Binance Market Data, BNB crossed the 690 USDT benchmark and is now trading at 690.809998 USDT, with a 0.48% decrease in 24 hours.

According to Foresight News, Elon Musk responded to comments regarding the alleged hacking of U.S. Treasury Secretary's computer by Chinese hackers, which reportedly led to a data breach at the U.S. Treasury Department. Musk humorously suggested that Treasury Secretary Janet Yellen might have fallen for a phishing email promising to send two bitcoins in exchange for one.

According to PANews, the U.S. Supreme Court has indicated it might issue a decision on the TikTok ban as early as Friday, January 17. On January 16, the court announced on its website that it could release opinions at 10 a.m. Eastern Time (11 p.m. UTC+8) on Friday, though it did not specify which cases would be addressed. The TikTok ban was initially scheduled to take effect on Sunday, January 19.

The impending TikTok ban in the United States, set for January 19, 2025, has driven 170 million American users to explore alternative platforms, with TiTi emerging as a popular choice. This Web3 short video platform leverages blockchain technology to empower creators and foster direct fan engagement.What Makes TiTi Stand Out?Creator Token System: TiTi allows content creators and key opinion leaders (KOLs) to issue personalized tokens representing their brand value, offering fans an opportunity to directly invest in their favorite creators.Blockchain-Based Features: By integrating blockchain technology, TiTi ensures token market value, secure trading, and transparent financial transactions.Diverse Services: The platform combines entertainment, social interaction, and financial utilities, creating a comprehensive ecosystem for creators and fans.Why the Shift?With TikTok’s exit, creators face challenges in finding platforms that support monetization and audience engagement. TiTi’s innovative Web3 model provides a solution by creating a win-win ecosystem for both creators and fans, allowing creators to monetize their influence while offering fans unique engagement opportunities. 

According to Odaily, data from Polymarket indicates that the likelihood of a complete ban on TikTok in the United States by May 2025 has increased to 78%. The total amount wagered on this outcome has reached nearly $3.28 million.

According to Odaily, Ninepoint Partners LP has announced the transformation of its Web3 Innovation Fund into an exchange-traded fund (ETF). The new product will be named the "Ninepoint Crypto and AI Leaders ETF." Despite the change, the investment objectives and strategies of the ETF will remain unchanged. The fund will continue to be listed on the Toronto Stock Exchange.